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Some secured lenders object to quick sale of Chrysler

A minority group of Chrysler LLC secured lenders has objected in bankruptcy court to the quick sale of Chrysler to a new corporate entity led by Fiat S.p.A. The group of about 40 banks and hedge funds holds about $3 billion of the $6.9 billion in secured loans that Chrysler has with the banks. Four major New York banks holding $4 billion of that debt agreed last week to settle for $2 billion in payment for the $6.9 billion owed.

Revival revels in sell-out crowds

A SELL-OUT crowd of 148,000 guests witnessed the 17th Goodwood Revival meeting last weekend, including an amazing celebration of the venue’s wartime role. The on-track highlights included the annual RAC TT Celebration race for early-1960s GT cars, which was won by the AC Cobra of Sauber Formula 1 test driver Giedo van der Garde and David Hart, after a thrilling battle against a £150million field that included Jaguar E-types, Aston Martin project cars and even a Bizzarini. Sir Jackie Stewart’s extraordinary career – which was catapulted into life at Goodwood in 1964 thanks to a maiden single-seater test – was marked with a 24-car parade that featured fellow motor racing legends John Surtees, Richard Attwood, Mark Webber and Arturo Merzario The 75th anniversary of RAF Westhampnett – Goodwood Aerodrome’s name during World War II – was marked with a display of 600 military vehicles and personnel, including a flypast that featured the world’s only two airworthy Lancaster bombers.

Jaguar: J.D. Power 2011 Customer Service Champion

Jag-waar gain coveted J. D. Power 2011 Customer Service Champion The renaissance of Jaguar has gathered pace in the last year or two, with their entire range now renewed.